Top Trade Ideas for Tomorrow: AONE, DRYS, ERTS, JPM

JPMorgan Chase & Co. (NYSE:JPM) looks strong as it is trading well above its short term moving average with rising RSI and MACD which indicates bullishness in the stock. Going forward I expect price to move up to the levels of $46 with a stop loss below $43. The immediate resistance appears at $44.95.

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The Accumulation/Distribution indicator is moving up, which means the buyers are driving the price move and the stock is being accumulated. The outlook for Electronic Arts Inc. (NASDAQ:ERTS) is positive as long as it stays above $15.79 ( 50-day moving average ). The stock finds an immediate resistance at $16.46 ( 200-DMA ) and support at $15.30. Only a close below this level would change the outlook negative for the stock.

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A123 Systems, Inc. (NASDAQ:AONE) proved extreme strength again today as this broke out above its latest consolidation pattern on increased volume. If the current trend sustains, the stock could reach $12.30 in short-term.

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DryShips Inc. (NASDAQ:DRYS) has been moving in a narrow band between $5.16 and $5.61. At this stage, only a move away from this zone will make a clear trend for the stock. The immediate support appears to be 5.15-5.20 and a close below this could weaken it towards its major support zone of $5. On a move above $5.61, the immediate resistance (on a closing day basis), could trigger fresh momentum to this stock. In that event, DryShips Inc. has the potential to reach $6 and might even to $6.45.

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Disclaimer: This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

About Antonio Costa 325 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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